Mandeep Auto Industries Limited IPO...
16 Jul, 2025
ABS Marine Services Limited IPO
ABS Marine Services Ltd. (AMSL) started operations with two offshore vessel management and as of the date of December 31, 2023 it had 5 owned vessels comprising 2 advanced offshore vessels servicing the Oil & Gas sector & 3 Harbour Crafts serving the Indian Ports sector. The company has one long term chartered specialized multipurpose offshore vessel serving the Oil & Gas Sector. In addition, as of December 31, 2023 it is carrying out total ship management of 12 vessels on behalf of Government, public sector undertakings, private companies and port authorities. It is providing services to many renowned customers with whom it enjoys long term relationships. AMSL is a fully integrated company with in-house complete vessel management including commercial management.
Its customers are primarily the Government of India, large industrial concerns, public sector undertakings, port authorities and private sector. ABS Marine Services IPO is a book built issue of Rs 96.29 crores. The issue is entirely a fresh issue of 65.5 lakh shares. ABS Marine Services IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. GYR Capital Advisors Private Limited is the book running lead manager of the ABS Marine Services IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market makers for ABS Marine Services IPO are Giriraj Stock Broking and Commodity Mandi.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
ABS Marine Services Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
ABS Marine Services Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 10, 2024 to May 15, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,550,000 shares (aggregating up to ₹96.29 Cr) |
| Fresh Issue | 6,550,000 shares (aggregating up to ₹96.29 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,550,000 |
| Market Maker portion | 410,000 shares Giriraj Stock Broking Commodity Mandi |
ABS Marine Services Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, May 10, 2024 |
| IPO Close Date | Wednesday, May 15, 2024 |
| Basis of Allotment | Thursday, May 16, 2024 |
| Initiation of Refunds | Friday, May 17, 2024 |
| Credit of Shares to Demat | Friday, May 17, 2024 |
| Listing Date | Tuesday, May 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 15, 2024 |
ABS Marine Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
ABS Marine Services Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 86.50% |
| Share Holding Post Issue | 63.42% |
Competitive Strength:
- -
ABS Marine Services Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 18,480.99 | 13,801.89 | 2,355.41 | 11,717.39 | 4,567.96 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 17,552.50 | 11,380.78 | 952.74 | 9,352.42 | 4,866.29 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 16,663.28 | 8,283.98 | 809.43 | 8,370.01 | 6,114.77 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 18.67% |
| Debt/Equity | 0.39 |
| RoNW | 20.10% |
| P/BV | 2.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.09 | 9.59 |
| P/E (x) | 11.23 | 15.32 |
Objectives of ABS Marine Services IPO
The Company proposes to utilize the Net Proceeds towards funding the following objectives:
- ● Acquisition of offshore vessel.
- ● Funding the working capital requirements of the Company.
- ● General corporate purposes.
ABS Marine Services IPO Review
The company is providing marine related all kinds of services under one roof. It has about six high margin ongoing contracts and many more in the pipeline. Based on FY24 super earnings, the issue appears fully priced. It has many renounced clients in its list and enjoys long term relationships. Considering the recent performance that is indicating prospects ahead, Investors may consider investment for the medium to long term rewards.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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What Is The Size Of The ABS Marine Services Limited IPO?
The offer size of ABS Marine Services Limited is 96.29 crores, consisting of a fresh 67,00,000 lakh shares. The company seeks funds for offshore vessel acquisition, working capital, and general corporate purposes.
-
What Is The Price Band Of The ABS Marine Services Limited IPO?
The price band of the issue is INR 140-147 per share.
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What are the open and close dates for ABS Marine Services Ltd IPO?
ABS Marine Services Ltd IPO opens for subscription from 10-May-2024 to 15-May-2024.
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What is the lot size and minimum order quantity of the ABS Marine Services Ltd IPO?
The lot size of ABS Marine Services Ltd is 1000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots.
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What are the allotment dates for the ABS Marine Services Ltd IPO?
Allotment date for ABS Marine Services Ltd is 16-May-2024 and refund of application amount (in case allotment is not received) will begin from 16-May-2024. If your allotment goes through, then shares will be credited in your Demat account by 17-May-2024.
